Duke Energy Corp Stock Price, News & Analysis

Duke Energy is advancing its climate change strategy with key commitments. By 2030, coal is expected to comprise less than 5% of its total energy generation, with a complete exit from coal by 2035, representing the largest planned coal fleet retirement in the industry. The company aims for net-zero emissions by 2050, expanding its goals to include Scope 2 and select Scope 3 emissions. Since 2010, Duke has retired 56 coal units, accounting for around 7,500 megawatts. The company emphasizes measurements of its emissions and plans to disclose more in its upcoming ESG Investor Day.

Viatec, Inc. has announced the successful closure of its Series B funding round, led by Terex Corporation and Duke Energy. This partnership highlights the collaboration between Viatec and Duke Energy since 2018, focusing on electrification solutions for the utility sector. Viatec's SmartPTO product is pivotal for Duke Energy's fleet electrification goals. The investment will enable Viatec to scale production and expand its offerings. Founded in 2015, Viatec specializes in electric power take-off systems, aiming to set new industry standards in the vocational vehicle sector.

Duke Energy anticipates widespread power outages in Indiana due to a winter storm bringing heavy snow and freezing rain. In response, the company has positioned nearly 1,500 workers, including crews from North Carolina and South Carolina, to expedite power restoration. Although extra resources are mobilized, hazardous conditions may delay restoration efforts. Duke Energy serves around 860,000 customers in Indiana and has advised those with special needs to prepare alternative arrangements. The company committed to keeping customers informed through various communication channels during this multi-day power outage scenario.

Terex (NYSE: TEX) announced a Series B investment in South Carolina-based Viatec, Inc., a manufacturer of electronic power take-off systems for utility fleets. Terex is the lead investor, joined by Duke Energy. This partnership aims to scale Viatec's production and enhance the electrification solutions available to utility customers. The collaboration follows years of engagement, and a Terex representative will join Viatec's board. Terex's investment reflects confidence in Viatec’s potential, bolstered by Duke Energy's prior involvement as a customer.

Duke Energy, a leading energy provider, announced a donation to Conservation Florida to support a series of free public Bioblitz events across Florida. These immersive events engage communities in discovering local wildlife through guided tours and hands-on activities. Since 2018, the Bioblitz program has attracted over 10,500 participants, documenting 119,610 observations of over 8,000 species. Duke Energy emphasizes its commitment to environmental conservation and community engagement as part of its broader goal towards a cleaner energy future.

Duke Energy is proactively preparing for a winter storm expected to impact Indiana, which may lead to power outages due to heavy snow, sleet, freezing rain, and high winds. The company has mobilized 300 additional workers from other utilities to aid in restoration efforts. Ice buildup on trees and power lines poses the greatest threat for outages, particularly accumulations of a quarter inch or more. Duke Energy will provide regular updates and estimated restoration times to affected customers through various communication channels.